Video killed the radio star sang the one hit wonder band, The Buggles.
The song predicted and lamented how technology was changing everything and is often used to suggest a big shift underway in an industry.
Below are some of the industries under siege and why. Typically there are four factors that amplify disruption in a sector.
- a new entrant refocuses on customer needs to address an existing issue with a product or service
- the new entrant usually uses a technology enabler to gain the advantage over the incumbent
- the nature of the disruption was not foreseen and so regulations are absent or insufficient
- availability of well-funded investors with an appetite for risk